Overview

• The FTC ruling targets noncompete clauses, affecting roughly 30 million U.S. workers, aiming to enhance job mobility and wage growth.
• Businesses are expected to increase the use of nondisclosure and nonsolicit agreements to protect their interests in the absence of noncompetes.
• Experts suggest companies should focus more on improving workplace culture and employee benefits to retain talent.
• The ban could spur innovation and entrepreneurship, with potential increases in new businesses and patents.
• Legal challenges against the FTC's rule are mounting, with its future uncertain amid significant opposition.